Order: Former stockbroker Nicholas Levene pictured last year (Image: Getty)

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A jailed conman who fleeced investors of more than £32million has been ordered to pay back just £1 – within seven days.

Disgraced tycoon Nicholas Levene is serving 13 years for launching an illegal Ponzi scheme which he used to fund a lavish lifestyle of private jets, super yachts and a plush £15,000 a year box at Ascot racecourse.

But a court heard today the 48-year-old City trader, nicknamed Beano because of his love of the comic, has been declared ­bankrupt so cannot pay back the cash he owes his victims, who include leading business figures.